Signet Group (SIG)

Signet Group Reports Fall in First Quarter Performance

From 2008-06-05 to 2008-06-11 --

Signet Group's net sales grew 1% in Q1 FY08 but it's same store sales declined 2.5% relative the the same period in 2007. The same store sales drop was weighed down by Signet's U.S. division where same store sales fell 4.7%, largely due to the slumping domestic economy. Operating profit also fell 24% in the quarter.